Listen: REX releases recordings of agent steering

One agent told the discount brokerage: “I won’t bother to show [the listing]. Who’s your local agent though because I’ll make sure to tell people not to work with them.” Continue reading

NAR claps back on commission attacks

The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading

Consumer groups support REX suit against anti-rebate law

The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers. Continue reading

Study commissioned by REX claims commissions are deeply inflated

Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading

Marcia Fudge sworn in as HUD secretary with a fair housing focus

NAR looks forward to working with Fudge “to address racial disparities in real estate and our nation’s persistent housing affordability crisis.” Continue reading

Chase settles with Black homeowner over alleged discriminatory appraisal

The lender will pay the Chicago homeowner $50K and provide mandatory training to its employees on fair lending and appraisals. Continue reading

NAR: ‘We haven’t seen a deluge’ of hate speech cases

The trade group’s professional standards committee will vote on case interpretations in May to help evaluate complaints. Continue reading

NAR CEO on racial injustice: ‘This is not a new issue’

Bob Goldberg reminded attendees at Inman Connect Now that the current situation is a long-standing one, and equality and fairness in housing is the trade group’s mission. Continue reading

This is not the time for ‘marketing as usual’

Industry experts Katie Lance, Kendall Bonner and Victoria Kennedy say agents shouldn’t be afraid to talk about controversial topics. Continue reading